Is New York still “The Big Apple”? Does Manhattan still have the panache that inspired the lyric, “If i can make it there, I’ll make it anywhere”? From the signs in the luxury real estate market, which is now benefitting from an influx of foreign investment dollars, the answer seems to be a resounding yes. Right now New York is looking bright, shiny and very stable, in contrast to the shakiness enveloping Europe in the wake of the recent “Brexit” vote and concerns over the ongoing migrant crisis.
Europe’s ongoing crisis as far as its ability to keep the European Union together is making real estate investors wary. With Britain now looking to leave the EU, the situation looks even shakier still. Investors who want to get a good return on their money are now looking to New York’s luxury real estate market as a much more stable place to put their investments.
How has New York ended up looking so good? The fact is that New York has a long track record of bouncing back after economic downturns. The job market here is flourishing, and New York is also benefiting from the revitalization of many of the neighborhoods here that were once shabby. The ongoing gentrification of New York has made it a place that is highly attractive to investors, and that trend looks to be ongoing.
Given all of this, it’s clear that real estate professionals here with solid market know-how will continue to be in high demand. One of the firms that’s on the top of the list is TOWN Residential. TOWN started out in 2010 and since then it’s made a name for itself as a firm that offers skill and a high level of client service. Investors who want to find quality properties at the best prices keep coming back to TOWN.
Is it time to get serious about investing in quality New York real estate? If so, then it’s time to call the professionals at TOWN. To see their NYC apartments for sale, check out http://www.townrealestate.com/.